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Initial Coin offerings ICOs and it's DEX counterpart (IDOs) are prelaunch activities particularly driven to raise fund for projects in thier early stages. I believe the new generation of launchpads out there are doing a pretty good job in promoting ICOs, IDOs and related As most of them are user friendly.
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For sure ICOs has been a major source of fundraising for projects in thier early stages as investors get to buy very early into the project before listing. This however I believe should be done in a decentralized manner to promote transparency and trust between investors and token creators